Benzinga | Aug 5, 2020 06:00PM EDT

ION Geophysical Q2 EPS $(0.37) Beats $(0.56) Estimate, Sales $22.73M Miss $29.09M Estimate

ION Geophysical (NYSE:IO) reported quarterly losses of $(0.37) per share which beat the analyst consensus estimate of $(0.56) by 33.93 percent. This is a 37.29 percent increase over losses of $(0.59) per share from the same period last year. The company reported quarterly sales of $22.73 million which missed the analyst consensus estimate of $29.09 million by 21.86 percent. This is a 45.59 percent decrease over sales of $41.77 million the same period last year.